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3 years ago

Unlike a product/service differentiation competitive strategy, a niche strategy:

1 answer:

4 0

<span>A niche strategy has competitive advantages, such as it is suitable for small companies with limited resources. It can be used in a limited geographic area and product line is focused on a specific product. In contrast, with </span><span>product/service differentiation, there is a big difference, in which, there is a strong dealer networks, consistent product reliability, with credible image and various brands name and services.</span>

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Discuss how structural dimensions of the firm, including formalization, standardization, and centralization, can affect the firm

Andreyy89

Explanation:

A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.

Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.

5 0

3 years ago

John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he re

gavmur [86]

He should just stay where he is and save up his money.Or he can try to find a different apartment.

4 0

3 years ago

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The

Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

3 0

3 years ago

Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a result, the price consumers pay for foo

hodyreva [135]

Answer:

E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.

Explanation:

In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.

5 0

3 years ago

Balance sheet Current assets Current liabilities Summary of significant accounting policies Subsequent events Unqualified opinio

IgorC [24]

Answer:

a. Scope limitation or a departure from GAAP = Qualified Opinion

b. An organized array of assets, liabilities, and equity = Balance Sheet

c. The statements are presented fairly in conformity with GAAP = Unqualified Opinion

d. Items expected to be converted to cash or consumed within one year or the operating cycle whichever is longer = Current assets

e. Will be satisfied through the use of current assets = Current Liabilities

f. Occurs after the fiscal year-end but before the statements are issued. = Subsequent Events

g. Important to a user in comparing financial information across companies. = Summary of Significant Accounting Policies

h. Lacks physical substance = Intangible Asset

Explanation:

a. If there is any difference in presentation or preparation of financial statements, not in conformity with GAAP then , it will get qualified opinion.

b. Balance sheet states the balance of assets, stockholder's equity and liabilities on a particular day.

c. Unqualified opinion means a opinion by auditor which states that financial statements are true and fair.

d. Current assets are short term generally for a period less than a year, or operating cycle period, and will be converted into cash within that period.

e. Current liabilities will be settled through current assets.

f. Subsequent events are those which are held after balance sheet date, but before preparation of financial statements.

g. Summary of significant accounting policies is required to interpret the financial results and for clear understanding.

h. An intangible asset is the one which can not be touched but, is a mere certificate, or license or anything like that, as will increase assets but could not be seen.

3 0

3 years ago